Foreign currency assets fall by $2.65 bn to $325.66 bn
However, Rs 100 notes accounted for just 10.5% of total currency notes in circulation
Persistent foreign capital outflows affected the rupee sentiment
The domestic currency had gained 41 paise, or 0.62%, in last two trading sessions
The domestic currency has depreciated about 7% since April
Dollar strengthening against other currencies affected the rupee
The domestic currency has gained 41 paise, or 0.62%, in last two trading sessions
The domestic unit resumed sharply higher at 66.38 per dollar as against yesterday's level of 66.55
Weak dollar overseas, stock market gains help rupee
The rupee has dropped 63 paise, or 0.95 per cent, in the previous three trading days
The domestic unit resumed marginally higher at 66.77 per dollar as against yesterday's level of 66.82
Fresh selling of the US currency by exporters and banks as well as weakening of dollar against other currencies overseas supported the domestic currency
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening
Forex dealers said volatile domestic equities coupled with higher dollar overseas impacted the rupee sentiment
The rupee had hit 67.09 vs US dollar on Sept 4, 2013
Persistent demand for the dollar from importers and sustained capital outflows by foreign funds weighed on the rupee
The impact of the decline in the current account deficit (CAD) from five-seven per cent to one-two per cent of gross domestic product (GDP) is huge
Govt has approved seven new security features, details of which are not yet known, in bank notes
Slide due to central bank's intervention for correcting volatility in rupee
A sharp fall in equity markets affected the rupee value against the dollar